Explain why some people who are applying for a job at a bank dress up, arrive early, and have their paperwork neatly completed for the job interview
What will be an ideal response?
They are trying to eliminate adverse selection. These people are trying to signal that they would be a high-quality worker for the position at the bank.
Economics
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How can a sole proprietorship raise funds needed for firm expansion?
What will be an ideal response?
Economics
A rationale used for tariff protection by some is that
A) the country wants to practice international price discrimination. B) the country finds its cost of producing their products higher than in other countries. C) imports are produced by firms that received subsidies from their governments. D) imports are produced by firms that are more efficient than domestic producers are.
Economics